Silver (XAG/USD) prices continued to hold Friday's gains near $32.30 during European trading hours on Monday (4/14). The white metal showed strength as the US Dollar (USD) continued to slide amid the escalating trade war between the United States (US) and China.

China has raised import duties on US products to 125%, matching President Donald Trump's reciprocal tariff hike in retaliation.

Such a scenario is not favorable for the US economy, given that the impact of higher tariffs will be borne by domestic importers. Such an event is expected to cause a significant decline in household purchasing power and a slowdown in business workflows.

Source: Newsmaker.id